Cruelty free cosmetics have become a major trend of late due increased awareness due to increased animal rights awareness. Market Research Future, a firm which specializes in market reports related to Consumer and Retail sector among others, recently published a report on this market. The industry is expected to expand at an unmatched CAGR rate in the forecast period while achieving high revenue levels.
On the basis of product-type which comprises of skin care,
hair care, perfumes & fragrances, makeup & color cosmetics, others.
Makeup & color cosmetics hold a dominant share out of all the other types.
The market has been further segmented on the basis of form namely cream, gel,
liquid, powder, and others. Cream based products hold a lion’s share among the
various forms followed by gels. On the basis of distribution channel which
comprises of supermarket/hypermarket, specialty retailers, convenience stores,
e-commerce, others. Sale through supermarket/hypermarket is growing at a higher
growth rate backed up by a convenient shopping experience of the
consumers.
Detailed Regional Analysis
The global cruelty-free
cosmetics market is segmented into North America, Europe, Asia Pacific,
and Rest of the World (ROW). Europe has the major market share followed by Asia
Pacific. Increased production of cruelty-free cosmetics in major European
countries is projected to generate a high revenue from Europe region during the
given forecast period. Changing consumer preferences for natural and vegan
products will support the sale of cruelty-free cosmetics in various region
during the forecast period. The major importers of cruelty-free cosmetics
include U.S., China, U.K., Germany, and Singapore. Based on the higher demand
for personal care products especially in female population, the import and
export of cruelty-free cosmetics for manufacturing such products in the
developed countries is expected to rise at a steady rate.
Global Competitive Analysis
The entry of new industry players in the segment has initiated
a trend of volume-driven growth that has been observed to intensify with the
addition of new and advanced products. The best long-term growth opportunities
for this sector can be captured by ensuring ongoing process improvements and
financial flexibility to invest in the optimal strategies. Companies are
capturing & solidifying their share of the market segment, by competing and
experimenting with various advantage points.
The key players profiled in the global Cruelty-Free Cosmetics
market are L'Oréal S.A. (France), COVER FX Skin Care Inc. (Canada), INIKA
Organic (Australia), Spectrum Collections (U.K.), Kat Von D Beauty (U.S.),
Beauty B (U.S.), PHB Ethical Beauty (U.K.)
Latest Industry News:
Jan 2018 Beauty brand Lush has launched a romantic
new collection for Valentine’s Day, including 23 cruelty-free and vegan
products. The line will be available from January 19th in stores and online.
The cruelty-free brand has included previous customer favourites as part of the
range.
Dec 2017 Beauty Bakerie, a beauty brand that mixes the
goodness of bakeries with makeup, has released a sweet product that’s going to
have lots of people ready to eat their lipstick called “Nude-tella,” .The
founder of Beauty Bakerie, is enthusiastic about the company’s animal-free,
cruelty-free products. In addition to being vegan (free of animal products and
animal testing) and smudge-free, the lipsticks are waterproof and long-lasting.
Jan 2018 C’est Moi beauty brand has entered the beauty
marketplace this month with gentle, thoughtfully formulated skin care and
fresh, wearable color cosmetics specifically for tweens and teens. The brand
provides a simple approach to beauty for young skin while filling a gap where
there have not been options until now. The entire collection will launch on
Target.com and CestMoi.com, and will be available on January 21, 2018. All
products are dermatologist tested, clinically tested on sensitive skin, made
with natural and organic ingredients, hypoallergenic, fragrance free, talc
free, cruelty free, made in the USA and EU, and have both recyclable and FSC
certified packaging.
Nov 2017 Clothing and accessories retailer FatFace has firmed
up its offerings in the cosmetic and beauty category by confirming Cruelty Free
status for the brand. Cruelty Free International says that the Leaping Bunny
logo can now be displayed on the U.K-based company’s beauty range, to prove
that no animals suffered during the manufacturing process. Currently the FatFace
range of cosmetics is fairly limited, the securing the certification could
facilitate the company to expand the range further in the United Kingdom and
other markets.
Complete Report Details @ https://www.marketresearchfuture.com/reports/cruelty-free-cosmetics-market-3825
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